Sec 40 (A) (3)

Mr. DEEPAK

plz read d section carefully, 

it says in case of an expenditure incurred, in respect of which payment in escess of Rs. 20000 is made by way other than a/c payee bank dratf or cheque, den the exp. will not be allowed

so. in nutshell, it can be said that--- expenditure as well as payment must exceed Rs. 20000.

so, in case two diff invoices are made on same day, they will be considered as diff exp. only

plz correct me if m wrng

separate invoices amount to 2 different expenditures...even if u pay more than the specified limit of 20000 in a day to the same person via 2 or more different vouchers, it will be allowed provided each voucher is below the limit of 20000......

Originally posted by : sumit grover
	Mr. DEEPAK plz read d section carefully,  it says in case of an expenditure incurred, in respect of which payment in escess of20000 is made by way other than a/c payee bank dratf or cheque, den the exp. will not be allowed so. in nutshell, it can be said that--- expenditure as well as payment must exceed20000. so, in case two diff invoices are made on same day, they will be considered as diff exp. only plz correct me if m wrng

yup absolutely

Ya, Sunshine u r right. bt sec also states that if expenditure incurred exceeds Rs20000 bt payments are made by splitting the whole amount in small denomination than Rs20000 then also the expenditure shall not b allowed.

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Mr. DEEPAK

plz read d section carefully, 

it says in case of an expenditure incurred, in respect of which payment in escess of Rs. 20000 is made by way other than a/c payee bank dratf or cheque, den the exp. will not be allowed

so. in nutshell, it can be said that--- expenditure as well as payment must exceed Rs. 20000.

so, in case two diff invoices are made on same day, they will be considered as diff exp. only

plz correct me if m wrng)

Ya sumit u r right.

yess expenditure as well ass paymenttt shoulddd be more than 20000... if u r paying payment of two expenditure of 10000 and 15000 to the same person than this is allowed